Egypt's main share index falls 9.5 percent in 1st trading day after president takes new powers

  • Article by: Associated Press
  • Updated: November 25, 2012 - 5:44 AM
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  • Comments

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BCanniffNov. 24, 12 9:09 AM

This is what happens when you mix religion with politics.

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freedubayNov. 24, 12 9:44 AM

Time for the Arab Winter when you throw out religious dictators. Throw out the Muslim Brotherhood. The brotherhood is against equal rights and the suppression of women. Where is Obama and Hillary now? Finally the Arabs are seeing the true light of religious extremists and the moderate Arabs need to take action or lose all freedom.

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turgidNov. 24, 1210:07 AM

Hopefully Egypt is as tired of dictators as they seem to be. We'll see Morsi's true colors now if he uses the military to crack down.

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budgrant00Nov. 24, 1211:21 AM

It is not that simple. Egypt has been wracked by class division politics for over two decades now. Radical Islam has played to the poor and religious, which incredibly has been supported by the Liberal left in the west (ignoring the real message and even the actions of Radical Islam). People don't understand than fewer than 50% of the electorate even voted in the Egyptian presidential election and fraud was widespread by the Brotherhood. This is the Egyptian center, the REAL democracy movement, that is rioting against Morsi. These are the patriots, these are people that need support from the US and the West. But they will get no support and no media coverage of their struggles. Nope, Morsi settled the skirmish in Gaza...and what have we heard from the media? Praise and recognition as a new power in the middle east. Obama and the US will continue to be irrelevant and hated, but now by the very moderate freedom fighters we should be supporting.

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budgrant00Nov. 24, 1211:27 AM

turgid...the military will not orders from Morsi...yet. What he is the process of doing is replacing generals, judges and ministers with his people, but it will take time. Egypt needs to deal with now, in a year it will be too late.

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blizzard101Nov. 24, 12 1:42 PM

The start of democracy can be dirty business. Is Morsi consolidating power, or is he protecting the constitution from former Mubarak interests trying to stop the process? Are the Mubarak interests trying to undercut the constitution, or are they trying to protect moderates interests from more extreme Muslims? And who are the moderates, and do they have any political power, or the ability to get it? It all depends on who you talk to and what their perspective is. It is easy for us to say what democracy should look like and who should be represented but ultimately the Egyptians need to figure that out for themselves. And one of the problems with us, the U.S., getting involved to blatantly is that because we are not often viewed in a good light by many in the region, it can easily be used against whoever we support by those who have different interests. Although we will poke and prod, we cannot do this for them otherwise we risk just propping up another dictator like we did with Mubarak and others.

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budgrant00Nov. 24, 12 1:50 PM

freedubay...good observations. Standing up for freedom, women's rights and peace. And you get thumbs down? Crazy place this Minnesota...

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budgrant00Nov. 24, 12 3:30 PM

blizzard101...why are you liberals hanging on to the faint hope the Muslim Brotherhood has suddenly changed it's agenda? No, this is not "Mubarak interests", these are the Egyptian youth who caused the Arab Spring and are dismayed at watching it all slip away. Their hard won freedom, future and democracy slipping away into the hands of radical Islam. These are the people we need to support, yet the liberal west fails to see the truth. No, democracy is not 'messy' (theocracy is messy) , but it does require nurturing. Building Morsi up is another nail in Egypt's coffin.

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commonsnseNov. 24, 12 4:45 PM

What I said one year ago is true today and is going to be the norm for Muslim countries. They are not capable of democracy because the peaceful moderates are outnumbered. So, when I said to everyone (especially liberals)that the Arab Spring is the world's worst nightmare, this is what I meant. Soon the entire western world will wish for what Israel already wishes for, that the Evil dictators were still in power. It was quite hilarious watching Colleen Rowley and the other hippies standing in front of the Capitol last year holding peace signs and saying they support the Arab Spring, not having a clue as to why a democracy exists and what values enable that system to flourish. Sorry Libs but the reality (which is unfolding all over the Mideast) is that freedom and democracy is unique to Judeo Christian society. After WW2 many countries adopted those values, but the Muslim counties have no moral foundation for freedom. Islam is a false , repressive religion that destroys human dignity and all the countries that follow it. The only thing they like killing more than each other, is the killing of Jews. Once all the Muslim/Arab countries erode into a factional civil war, they will stop killing each other in order to wage war on Israel. The peaceful Muslims in the US come here for freedom , not religious fanaticism but clueless liberals assume that the Middle east is full of these secular patriots and that if we help them they'll have a Starbucks in Cairo or Syria. So I'm sorry to ruin your fun liberals , but there can be no peace in the middle east. That is why a strong US military will always be the only weapon we have to keep us and our friend Israel safe.

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marantzoNov. 24, 12 7:11 PM

I am a liberal and I think it would be more accurate to call the liberals that are so clueless, neo-liberals. Even the term liberal is smeared by their support of countries and governments that are as far away from liberal as you can imagine and slander Israel which is by far the only liberal country in that part of the world. It's embarrassing.

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